South32 seals deal on 50% Eagle Downs stake for $106m
SOUTH32 said it had completed the purchase of a 50% stake in Eagle Downs, from Aquila Resources, a subsidiary of China BaoWu Steel Group, for an upfront...
US trade war has potential to further hurt SA mining sector
SOUTH Africa's mining sector may have moved out of recession in the second quarter of this year but the ongoing trade war between the...
Bushveld improves exposure to Vametco after $20m transaction
BUSHVELD Minerals has increased its stake in Vametco to 75% after buying for $20m a 21.2% interest in Strategic Minerals Corp. (SMC), described as...
Gold Fields to improve in-country relations after high-ranking in DJSI
GOLD Fields CEO, Nick Holland, said the company could improve the quality of its relations with the host countries in which it operates.
Acknowledging, the...
Lucapa postpones sales ahead of improved Angolan diamond policy
LUCAPA Diamond Company postponed the sale of "several high-value diamonds" in order it would benefit from a change in Angola's diamond marketing policy.
In July,...
Congo plans special economic zone for minerals beneficiation
A SPECIAL economic zone for companies that manufacture goods from the country's minerals is being planned by the Democratic Republic of Congo (DRC), according...
Congo’s Kabwelulu snuffs out hopes of Mining Code concessions
MINES minister for the Democratic Republic of Congo (DRC), Martin Kabwelulu, snuffed out any hopes mining firms might have had about negotiating concessions following promulgation...
Exxaro, Seriti lining up bids for South32’s SA coal business
EXXARO Resources, a Johannesburg-listed coal producer, and unlisted company, Seriti Resources, were interested in bidding for a stake in South32's South African coal business,...
De Beers registers sales of $505m, allows sightholders to re-phase smaller...
ANGLO American said diamond sales by its 85%-owned De Beers in the seventh sight or sales cycle of 2018 totalled $505m which was on...
SA’s DMR approves environmental authorisation for MC Mining’s Makhado
SOUTH Africa's Department of Mineral Resources (DMR) has approved the Environmental Authorisation (EA) for the Makhado thermal and hard coking coal project, said MC...